Determinants of COVID-19 Vaccine Rollouts and Their Effects on Health Outcomes

By Pragyan Deb, Davide Furceri, Daniel Jimenez, Siddharth Kothari, Jonathan David Ostry, Nour Tawk

October 18, 2021

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Format: Chicago

Pragyan Deb, Davide Furceri, Daniel Jimenez, Siddharth Kothari, Jonathan David Ostry, and Nour Tawk. Determinants of COVID-19 Vaccine Rollouts and Their Effects on Health Outcomes, (USA: International Monetary Fund, 2021) accessed November 21, 2024

Disclaimer: IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

Summary

This paper examines empirically the determinants of COVID-19 vaccine rollouts and their effects on health outcomes. We assemble a comprehensive and novel cross-country database at a daily frequency on vaccinations and various health outcomes (new COVID-19 cases, fatalities, intensive care unit (ICU) admissions) for the period December 16, 2020-June 20, 2021. Using this data, we find that: (i) early vaccine procurement, domestic production of vaccines, the severity of the pandemic, a country’s health infrastructure, and vaccine acceptance are significant determinants of the speed of vaccination rollouts; (ii) vaccine deployment significantly reduces new COVID-19 infections, Intensive Care Unit (ICU) admissions, and fatalities, and is more effective when coupled with stringent containment measures, or when a country is experiencing a large outbreak; and (iii) COVID-19 cases in neighboring countries can lead to an increase in a country’s domestic caseload, and hamper efforts in taming its own local outbreak.

Subject: COVID-19, Financial sector policy and analysis, Health, Infrastructure, National accounts, Population and demographics, Spillovers

Keywords: Containment measures., COVID-19, Global, Infrastructure, Pandemics, Spillovers, Vaccination rollout, Vaccinations, Vaccine acceptance, Vaccine deployment, Vaccine procurement, Vaccine rollout

Publication Details

Pages:

51
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2021/247
Stock No:

WPIEA2021247
ISBN:

9781589063150
ISSN:

1018-5941

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